Beer & Co initiated research on PLS in September 2014. At that time the share price was 2.5c and our valuation was 10c. Despite the delays to Tabba Tabba, Beer & Co has progressively upgraded our valuation, as we have suggested was possible. Beer & Co sees further upside potential from :
Successful project delivery and hence de‐risking;
Further upgrades to the Pilgangoora estimate; and
Reduced costs through lower waste to ore for Pilgangoora, as our analysis assumes 10t of waste per tonne of ore, and Figure 6 shows the potential for a lower ratio. Beer & Co maintains our
Strong BUY, High Risk recommendation.
sorry for the awful formatting. These are some highlights
Valuation at 25c by Beer & Co, page-2
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Last
$2.89 |
Change
0.000(0.00%) |
Mkt cap ! $8.699B | |||
| Open | High | Low | Value | Volume |
| $2.90 | $3.03 | $2.84 | $130.7M | 44.92M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 352029 | $2.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.90 | 5945 | 3 |
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| Last trade - 16.10pm 24/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |